VIC/
Diamond creek

Suburb Profile

Diamond Creek - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3089

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Property investors enjoyed capital gains of 16.06% over the last 12 months in DIAMOND CREEK, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in DIAMOND CREEK are low, as opposed to average gains per annum over the past five years.

The suburb posted a 44.15% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.

On average, rents on listings have reached the $470 mark, reflecting a 3.07% increase in returns based on the current median price in DIAMOND CREEK.

DIAMOND CREEK, 3089 ranks 192nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 327th on the list of best yielding suburbs for rental properties in VIC, posting a 3.07% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $795,000 $616,500
GROWTH REPORT
Median Quarterly 5.3% 4.4%
Median 12 month 16.06% 19.71%
Median 3 years 44.15% 26.2%
Median 5 years 62.24% 28.04%
10 years average annual 7.18% 6.53%
Weekly media advert. rent $470 $380
Time on Market 47.3 days 0.0 days
Gross Rental Yield Percent 3.07% 3.21%
demographics (median values)
Total Population
10288
Weekly Household Income
1433
Household Size
3.20
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Diamond Creek, VIC
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